This property looks like a bad Long-Term investment with a projected -19.21% first-year return on $102k initial cash invested.
-19.21%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$2,476
Rent
-$1,626
Cashflow
Cash Flow
$2,476 income − $4,102 expenses = $1,626 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,720
Closing costs
1%
$4,836
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,476
Total Expenses
$4,102
Mortgage P&I
107%
$2,648
Property Taxes
9%
$219
Home Insurance
7%
$175
HOA
17%
$415
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0